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Laxmi Organic Industries Ltd - Stock Valuation and Financial Performance

BSE: 543277 | NSE: LXCHEM | Chemicals | Small Cap

Laxmi Organic Inds. Share Price

192.80 -2.85 -1.46%
as on 11-Jul'25 16:59

Laxmi Organic Industries Ltd - Stock Valuation and Financial Performance

BSE: 543277 | NSE: LXCHEM | Chemicals | Small Cap

DeciZen - make an informed investing decision on Laxmi Organic Inds.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

axmi Organic Industries stock performance -

mw4me loader
P/E Ratio (SA):
45.26
Market Cap:
5,341.8 Cr.
52-wk low:
160.3
52-wk high:
325.5

Is Laxmi Organic Industries Ltd an attractive stock to invest in?

1. Is Laxmi Organic Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Laxmi Organic Industries Ltd is a average quality company.

2. Is Laxmi Organic Industries Ltd undervalued or overvalued?

The key valuation ratios of Laxmi Organic Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Laxmi Organic Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Laxmi Organic Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Laxmi Organic Inds.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Laxmi Organic Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.6%22.3%25.3%20.3%18%20%24.9%13%9.8%9%-
Value Creation
Index
-0.10.70.90.50.30.50.80.0-0.3-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9021,0081,2731,4291,3591,6062,8772,6912,8242,9452,945
Sales YoY Gr.-11.8%26.3%12.3%-4.9%18.2%79.2%-6.5%5%4.3%-
Adj EPS 3.91212.53.42.94.89.35.24.74.74.3
YoY Gr.-205.9%3.9%-73.2%-14.6%67.8%94.4%-44.2%-10.2%0.6%-
BVPS (₹) 37.448.660.718.219.639.447.652.664.368.468.3
Adj Net
Profit
24.675.278.283.764.3127246138129131118
Cash Flow from Ops. 84.5143-0.219413511060.6161521114-
Debt/CF from Ops. 2.40.7-843.70.710.71.62.30.32.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.1%16.7%0.8%4.3%
Adj EPS 2%10.5%-20.4%0.6%
BVPS6.9%28.4%12.8%6.2%
Share Price - - -11.7% -28.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
11.12822.920.114.417.121.110.2876.2
Op. Profit
Mgn %
8.412.411.911.39.213.1129.49.310.210
Net Profit
Mgn %
2.77.56.15.94.77.98.65.14.64.44
Debt to
Equity
0.90.30.50.30.30.10.10.30.10.10
Working Cap
Days
12011111813215516114017315316684
Cash Conv.
Cycle
433340382061632201126

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 6.20%

Sales growth has been subdued in last 3 years 0.77%

Net Profit has been subdued in last 3 years -20.38%

Sales growth is not so good in last 4 quarters at 5.10%

Latest Financials - Laxmi Organic Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 4.3 4.1
TTM Sales (₹ Cr.) 2,945 2,985
BVPS (₹.) 68.3 68.2
Reserves (₹ Cr.) 1,838 1,833
P/BV 2.82 2.83
PE 45.26 47.06
From the Market
52 Week Low / High (₹) 160.30 / 325.50
All Time Low / High (₹) 143.00 / 628.05
Market Cap (₹ Cr.) 5,342
Equity (₹ Cr.) 55.4
Face Value (₹) 2
Industry PE 57

Management X-Ray of Laxmi Organic Inds.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Laxmi Organic: Q1FY24 Result Update - 07 Aug 2023

Particulars

Q1FY24

YoY Trend

Comments

Revenue

734

-3%

Volume growth cushioned negative impact of lower prices in essentials segment

EBITDA

77

-23%

 

EBITDA Margin

10.5%

-271 bps

Margins were under pressure due to pricing pressure and adverse product mix  

PAT

38

-41%

 

Muted performance on change in mix (lower contribution from exports vs. essentials segment).

 

Key Ratios of Laxmi Organic Inds.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9021,0081,2731,4291,3591,6062,8772,6912,8242,945
Operating Expenses 8258891,1241,2751,2391,4012,5412,4442,5662,662
Manufacturing Costs84114137164180189289383376403
Material Costs6396838809769311,0481,9761,7791,8921,916
Employee Cost 3283748587510197143141
Other Costs 1016570876990175185155202
Operating Profit 76118149153120205337247258282
Operating Profit Margin (%) 8.4%11.8%11.7%10.7%8.8%12.7%11.7%9.2%9.1%9.6%
Other Income 32468921292925
Interest 1813101615181722620
Depreciation 2827294148454770105122
Exceptional Items 00002600000
Profit Before Tax 328111310390151294183176165
Tax 7103725122954494947
Profit After Tax 2571777879123240135127118
PAT Margin (%) 2.7%7.0%6.0%5.4%5.8%7.6%8.3%5.0%4.5%4.0%
Adjusted EPS (₹)3.911.312.33.13.54.79.15.14.64.3
Dividend Payout Ratio (%)4%2%2%2%0%11%8%10%13%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 2343043804564411,0401,2551,3951,7741,894
Share Capital 10101050455353535555
Reserves 2242943704053969871,2021,3411,7191,838
Minority Interest0000000000
Debt16879171109982189355103246
Long Term Debt71425375901021309743
Short Term Debt973711834811872255203
Trade Payables124158199300393444687452755697
Others Liabilities 6573899392230136127389431
Total Liabilities 5906158399581,0241,7352,1662,3293,0203,267

Fixed Assets

Gross Block3892223284234705025969891,2721,683
Accumulated Depreciation182275596143187236295400522
Net Fixed Assets2071952733273273153616948721,161
CWIP 33483031236017788459419
Investments 19232020212532287149167
Inventories10864123128144170323242248359
Trade Receivables150215289304317385625537603541
Cash Equivalents 11157443453417711829194
Others Assets635697103158245473362399527
Total Assets 5906158399581,0241,7352,1662,3293,0203,267

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 84143019413511061161521114
PBT 328111310365151294183176165
Adjustment 4538335556577181113138
Changes in Working Capital 1440-1276429-71-252-62274-164
Tax Paid -7-15-20-28-16-26-52-41-42-25
Cash Flow From Investing Activity -29-36-84-121-3-60423-362-496-274
Capex -24-31-88-97-31-71-176-312-252-400
Net Investments -54-1-3-270-22-41-15-99-10
Others 48-57329-511240-36-145137
Cash Flow From Financing Activity -53-10982-70-115485-87241-1091
Net Proceeds from Shares 000005000926810
Net Proceeds from Borrowing 0-3711301621-136130-10-80
Interest Paid -18-11-9-14-11-14-3-17-21-17
Dividend Paid -1-1-1-2-2-8-13-19-13-17
Others -33-6081-84-118-1465137-234196
Net Cash Flow 2-2-2417-9-44015-68
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.0726.3222.4518.6317.5416.5520.8910.178.046.44
ROCE (%)11.622.2725.2720.2518.0319.9824.912.959.769.03
Asset Turnover Ratio1.671.781.781.591.371.161.481.21.060.94
PAT to CFO Conversion(x)3.362.0102.491.710.890.251.194.10.97
Working Capital Days
Receivable Days61627176838064797371
Inventory Days31292632373631383238
Payable Days63757493136146104117116138

Laxmi Organic Industries Ltd Stock News

Laxmi Organic Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Laxmi Organic Inds. on 11-Jul-2025 16:59 is ₹192.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jul-2025 16:59 the market cap of Laxmi Organic Inds. stood at ₹5,341.8.
The latest P/E ratio of Laxmi Organic Inds. as of 11-Jul-2025 16:59 is 45.26.
The latest P/B ratio of Laxmi Organic Inds. as of 11-Jul-2025 16:59 is 2.82.
The 52-week high of Laxmi Organic Inds. is ₹325.5 and the 52-week low is ₹160.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Laxmi Organic Inds. is ₹2,945 ( Cr.) .

About Laxmi Organic Industries Ltd

Laxmi Organic Industries is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals. Since its inception in 1989, it has been on a journey of transformation. It initially started manufacturing acetaldehyde and acetic acid in 1992, and soon thereafter moved on to manufacturing of ethyl acetate in 1996. It is currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. Further, post completion of the Yellowstone Chemicals (YCPL) Acquisition, its market share in the ethyl acetate market will be further enhanced. In Fiscal 2010, the company commenced manufacturing the Specialty Intermediates by acquiring Clariant’s diketene business.

The company’s products are currently divided into two broad categories, namely the Acetyl Intermediates and the Specialty Intermediates. The Acetyl Intermediates include ethyl acetate, acetaldehyde, fuel-grade ethanol and other proprietary solvents, while the Specialty Intermediates comprises of ketene, diketene derivatives namely esters, acetic anhydride, amides, arylides and other chemicals. Its products find application in various high-growth industries, including pharmaceuticals, agrochemicals, dyes & pigments, inks & coatings, paints, printing & packaging, flavours & fragrances, adhesives and other industrial applications. It also proposes to diversify into manufacturing of specialty fluorochemicals to which end, it has recently acquired assets including plant & machinery, design and operating paperwork, REACH registrations and patents of Miteni, a manufacturer of organic fluorospecialties and electrochemical fluorination. The company currently have two manufacturing facilities in Mahad, Maharashtra, with one facility dedicated to Acetyl Intermediates and another dedicated to Specialty Intermediates, which are strategically located in proximity to several ports and each other.

Business area of the company

The company is a specialty chemical manufacturer that operates in 2 business segments; Acetyl Intermediates (AI) and Specialty Intermediates (SI).

Major events and milestones of company:

  • 1992: Commission of the AI Manufacturing Facility at Raigad for manufacturing of glacial acetic acid.
  • 1996: Commenced production of ethyl acetate.
  • 2004: Installation of two windmills at Chitradurga district, Karnataka with capacities of 0.6 MW each.
  • 2004: Receipt of ISO 9001-2000 certifications for manufacture and marketing of ethyl acetate, acetic acid and absolute alcohol.
  • 2006: Installation of windmill at Ghatnandre, Sangli, Maharashtra with capacity of 1.25 MW.
  • 2008: Expansion of ethyl acetate manufacturing capacity at the AI Manufacturing Facility to 51,000 MT.
  • 2008: Setting up of distillery at Jarandeshwar.
  • 2010: Acquisition of Clariant’s ketene/diketene business and expansion into diketene and diketene derivatives products by commissioning of the SI Manufacturing Facility.
  • 2010: Receipt of ISO 14001:2009 and OHSAS 18001:2007 certifications for manufacturing and marketing of ethyl acetate, acetic acid and its derivatives, acetaldehyde and absolute alcohol.
  • 2011: Increase from 8,900 MT to 13,380 MT in the capacity of diketene and diketene derivatives and expansion of ethyl acetate capacity to 120,750 MT.
  • 2011: Setting up of DSIR approved R&D centre at company’s SI Manufacturing Facility.
  • 2012: Investment by the International Finance Corporation in company.
  • 2013: Incorporation of company’s Subsidiary, Laxmi Organic (Europe) B.V., in Netherlands, Europe.
  • 2013: Incorporation of company’s Subsidiary, Laxmi Petrochem Middle East FZE in Sharjah.
  • 2018: Commissioning of company’s hydro-electric power project at Yedgaon.
  • 2019: Receipt of DSIR registration for the Rabale Innovation Centre.
  • 2020: Acquisition of assets from Miteni by VLPL.
  • 2021: Investment in Cleanwin Energy One LLP, which is engaged in the business of generation of renewable energy to acquire 26% stake, and execution of a power purchase agreement in connection therewith.

Awards, accreditations or recognitions:

  • 2018: The company won the Maharashtra Safety Awards - 2018 for Meritorious Performance in Industrial Safety During the Year 2017 in Chemicals & Fertilizers, granted by the National Safety Council – Maharashtra Chapter.
  • 2020: The company won the ICC Award 2019 for Excellence in Energy Conservation and Management, granted by the Indian Chemical Council.
  • 2020: The company won the 21st National Award for Excellence in Energy Management 2020 for Energy Efficient Unit, granted by the Confederation of Indian Industry for the manufacturing Unit 2 in Mahad.
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